Strategies to Address Risks of Platinum Scarcity for Supply Chain Downstream Firms
Increased recycling, product redesign and substitution can improve firm resilience in the face of uncertainties in materials availability. The delays involved in implementing these strategies may result in unprepared firms losing market share to competitors who are better prepared to address these c...
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| Other Authors: | |
| Format: | Article |
| Language: | en_US |
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Institute of Electrical and Electronics Engineers
2010
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| Online Access: | http://hdl.handle.net/1721.1/58875 https://orcid.org/0000-0003-2253-7768 |
| _version_ | 1826205305056264192 |
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| author | Kirchain, Randolph E., Jr. Field, Frank R. Roth, Richard Alonso, Elisa |
| author2 | Massachusetts Institute of Technology. Center for Technology, Policy, and Industrial Development |
| author_facet | Massachusetts Institute of Technology. Center for Technology, Policy, and Industrial Development Kirchain, Randolph E., Jr. Field, Frank R. Roth, Richard Alonso, Elisa |
| author_sort | Kirchain, Randolph E., Jr. |
| collection | MIT |
| description | Increased recycling, product redesign and substitution can improve firm resilience in the face of uncertainties in materials availability. The delays involved in implementing these strategies may result in unprepared firms losing market share to competitors who are better prepared to address these challenges. This paper will expand from previous work in this area by examining the statistical significance of the effect of recycling in the face of limited supply. It has been shown that the timing and magnitude of a supply shutdown can influence the magnitude of price response. On average, increased recycling is a means for stabilizing price effects owing to its faster response times. |
| first_indexed | 2024-09-23T13:10:35Z |
| format | Article |
| id | mit-1721.1/58875 |
| institution | Massachusetts Institute of Technology |
| language | en_US |
| last_indexed | 2024-09-23T13:10:35Z |
| publishDate | 2010 |
| publisher | Institute of Electrical and Electronics Engineers |
| record_format | dspace |
| spelling | mit-1721.1/588752022-09-28T12:25:41Z Strategies to Address Risks of Platinum Scarcity for Supply Chain Downstream Firms Kirchain, Randolph E., Jr. Field, Frank R. Roth, Richard Alonso, Elisa Massachusetts Institute of Technology. Center for Technology, Policy, and Industrial Development Massachusetts Institute of Technology. Department of Materials Science and Engineering Massachusetts Institute of Technology. Engineering Systems Division Kirchain, Randolph E., Jr. Kirchain, Randolph E., Jr. Field, Frank R. Roth, Richard Alonso, Elisa supply chain risks platinum material scarcity recycling Increased recycling, product redesign and substitution can improve firm resilience in the face of uncertainties in materials availability. The delays involved in implementing these strategies may result in unprepared firms losing market share to competitors who are better prepared to address these challenges. This paper will expand from previous work in this area by examining the statistical significance of the effect of recycling in the face of limited supply. It has been shown that the timing and magnitude of a supply shutdown can influence the magnitude of price response. On average, increased recycling is a means for stabilizing price effects owing to its faster response times. 2010-10-05T19:22:18Z 2010-10-05T19:22:18Z 2009-07 2009-05 Article http://purl.org/eprint/type/JournalArticle 978-1-4244-4324-6 INSPEC Accession Number: 10749786 http://hdl.handle.net/1721.1/58875 Alonso, E. et al. “Strategies to address risks of platinum scarcity for supply chain downstream firms.” Sustainable Systems and Technology, 2009. ISSST '09. IEEE International Symposium on. 2009. 1-6. © 2010 Institute of Electrical and Electronics Engineers. https://orcid.org/0000-0003-2253-7768 en_US http://dx.doi.org/10.1109/ISSST.2009.5156762 IEEE International Symposium on Sustainable Systems and Technology, 2009. ISSST '09 Article is made available in accordance with the publisher's policy and may be subject to US copyright law. Please refer to the publisher's site for terms of use. application/pdf Institute of Electrical and Electronics Engineers IEEE |
| spellingShingle | supply chain risks platinum material scarcity recycling Kirchain, Randolph E., Jr. Field, Frank R. Roth, Richard Alonso, Elisa Strategies to Address Risks of Platinum Scarcity for Supply Chain Downstream Firms |
| title | Strategies to Address Risks of Platinum Scarcity for Supply Chain Downstream Firms |
| title_full | Strategies to Address Risks of Platinum Scarcity for Supply Chain Downstream Firms |
| title_fullStr | Strategies to Address Risks of Platinum Scarcity for Supply Chain Downstream Firms |
| title_full_unstemmed | Strategies to Address Risks of Platinum Scarcity for Supply Chain Downstream Firms |
| title_short | Strategies to Address Risks of Platinum Scarcity for Supply Chain Downstream Firms |
| title_sort | strategies to address risks of platinum scarcity for supply chain downstream firms |
| topic | supply chain risks platinum material scarcity recycling |
| url | http://hdl.handle.net/1721.1/58875 https://orcid.org/0000-0003-2253-7768 |
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